1z0-1056-21 Exam Preparation Guide: Ace Your Certification Exam with Ease
Are you planning to take the 1z0-1056-21 certification exam? Whether you're a seasoned IT professional or just starting your career in technology, this exam can help you demonstrate your expertise in Oracle Financials Cloud. However, passing the exam is not a walk in the park. It requires preparation, dedication, and a solid understanding of the exam topics. But don't worry, this preparation guide has got you covered!
Exam Details
Before we dive into the exam topics and preparation tips, let's take a quick look at the exam details. This will give you an idea of what to expect on exam day and help you plan your study schedule accordingly.
Exam Format
- The 1z0-1056-21 exam is a computer-based test that consists of 60 multiple-choice questions.
- The exam duration is 105 minutes, and you must score at least 64% to pass.
Exam Cost and Delivery Method
The exam fee varies by country but is typically around $245 USD. You can register for the exam on the Oracle website and take it at a Pearson VUE testing center or online from the comfort of your home or office.
Difficulty Level
The 1z0-1056-21 exam is considered moderate to difficult. It tests your knowledge of Oracle Financials Cloud features and functionality, as well as your ability to apply that knowledge to real-world scenarios.
Exam Topics
The 1z0-1056-21 exam covers a wide range of topics related to Oracle Financials Cloud. Here are some of the key areas you need to master to pass the exam:
1. General Ledger and Sub-ledger Accounting
- Configure Accounting Options and Sub-ledgers
- Perform Accounting Period Close
- Configure and Maintain Journal Approval
- Understand Accounting Impact of Intercompany Transactions
2. Payables and Payments
- Configure Payment Options and Payment Processing
- Create and Manage Suppliers and Supplier Sites
- Manage Invoices and Invoice Approval
- Understand the Accounting Impact of Invoices and Payments
3. Receivables and Receipts
- Configure Receipt and Remittance Processing
- Create and Manage Customers and Customer Accounts
- Manage Transactions and Transaction Processing
- Understand the Accounting Impact of Transactions and Receipts
4. Assets
- Configure Asset Books and Asset Categories
- Create and Manage Assets
- Perform Asset Transactions and Revaluations
- Understand the Accounting Impact of Asset Transactions
5. Reporting and Security
- Create and Manage Financial Reports
- Configure Security and Access Controls
- Understand Audit Trails and Security Reports
Prerequisites of the 1z0-1056-21 Exam
To take the 1z0-1056-21 exam, you must have a strong understanding of accounting
principles, financial management concepts, and the features and functionality of Oracle Financials Cloud. It is also recommended that you have at least six months of experience working with Oracle Financials Cloud before attempting the exam.
Benefits of the 1z0-1056-21 Certification
Achieving the 1z0-1056-21 certification demonstrates your expertise in Oracle Financials Cloud and can help you advance your career in a variety of ways. Here are some of the key benefits of earning this certification:
- Increased job opportunities: Many companies require or prefer candidates with Oracle Financials Cloud expertise, and holding this certification can give you an edge in the job market.
- Better salary prospects: According to Payscale, the average salary for a professional with Oracle Financials skills is over $90,000 per year. Holding the 1z0-1056-21 certification can help you negotiate a higher salary or earn a promotion.
- Professional recognition: Achieving a certification from a reputable organization like Oracle can boost your professional credibility and demonstrate your commitment to ongoing learning and development.
- Expanded knowledge and skills: Preparing for the 1z0-1056-21 exam requires you to dive deep into the features and functionality of Oracle Financials Cloud. This can expand your knowledge and skills and make you a more valuable asset to your organization.
Conclusion
Preparing for the 1z0-1056-21 exam may seem daunting, but with the right mindset and approach, you can pass the exam with flying colors. Use this exam preparation guide to help you master the exam topics, understand the exam format and details, and gain the knowledge and skills you need to succeed. With dedication and hard work, you can achieve your certification and take your career to the next level.